This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the relationship shown by the circular flow among income, total expenditure, and GDP? ... (Read 105 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
What is the relationship shown by the circular flow among income, total expenditure, and GDP?
 
  What will be an ideal response?

Question 2

During a recession, the average duration of unemployment tends to
 
  A) be unpredictable.
  B) be about the same as during an expansion.
  C) decrease.
  D) increase.
  E) remain constant.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

They are all equal. The value of production, which is GDP, equals income because firms pay factors (income) the revenue they receive from selling the goods and services they produce (GDP). Next, the revenue that firms receive from selling the goods and services they produce (GDP) is equal to what is spent as expenditures on the goods and services. (total expenditure).

Answer to Question 2

D


LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Geoffroy's tamarin has been considered a subspecies of the similar cottontop tamarin, shown abo Geoffroy's tamarin has been considered a subspecies of the similar cottontop tamarin, shown abo
Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio
Adolf Hitler, shown here in Nuremberg in 1938, was one of the most influential—and evil—persons ... Adolf Hitler, shown here in Nuremberg in 1938, was one of the most influential—and evil—persons ...
Find the lateral area, total surface area, and volume of the frustum Find the lateral area, total surface area, and volume of the frustum
Viral single-strand DNA (circular) Viral single-strand DNA (circular)
Blood Flow to the Brain Blood Flow to the Brain
Video: Interview with an Anorexic Woman (Part 2 of 2)

For a complete list of videos, visit our video library